Private Wealth Partners LLC Has $4.01 Million Position in Lowe’s Companies, Inc. $LOW

Private Wealth Partners LLC boosted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 15.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,940 shares of the home improvement retailer’s stock after purchasing an additional 2,137 shares during the period. Private Wealth Partners LLC’s holdings in Lowe’s Companies were worth $4,006,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Activest Wealth Management raised its holdings in Lowe’s Companies by 78.5% during the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock valued at $29,000 after buying an additional 51 shares in the last quarter. Howard Hughes Medical Institute acquired a new position in shares of Lowe’s Companies during the second quarter worth approximately $27,000. Solstein Capital LLC raised its stake in Lowe’s Companies by 627.8% during the 2nd quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after purchasing an additional 113 shares during the last quarter. Traub Capital Management LLC bought a new stake in Lowe’s Companies in the 2nd quarter valued at $30,000. Finally, Vermillion & White Wealth Management Group LLC boosted its holdings in Lowe’s Companies by 128.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 76 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $266.93 on Friday. The stock’s fifty day simple moving average is $253.66 and its 200 day simple moving average is $247.66. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $281.36. The firm has a market cap of $149.73 billion, a price-to-earnings ratio of 22.13, a P/E/G ratio of 4.42 and a beta of 0.96.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, November 26th. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.09. Lowe’s Companies had a negative return on equity of 55.86% and a net margin of 8.05%.The company had revenue of $20.81 billion during the quarter, compared to analysts’ expectations of $20.88 billion. During the same period last year, the business earned $2.89 earnings per share. The business’s revenue was up 3.2% on a year-over-year basis. On average, research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 21st will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a $4.80 annualized dividend and a dividend yield of 1.8%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.80%.

Insider Activity

In other news, CEO Marvin R. Ellison sold 18,000 shares of Lowe’s Companies stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $261.17, for a total value of $4,701,060.00. Following the completion of the transaction, the chief executive officer owned 231,043 shares in the company, valued at approximately $60,341,500.31. The trade was a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

LOW has been the topic of several research reports. Wells Fargo & Company dropped their price objective on shares of Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a report on Tuesday, November 11th. Robert W. Baird lowered their price target on Lowe’s Companies from $295.00 to $290.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Stifel Nicolaus upped their price target on Lowe’s Companies from $230.00 to $250.00 and gave the company a “hold” rating in a report on Monday, December 1st. Gordon Haskett raised Lowe’s Companies from a “hold” rating to a “buy” rating and set a $325.00 price objective on the stock in a report on Tuesday, January 13th. Finally, Wall Street Zen upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Nineteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $284.81.

Lowe’s Companies Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.